David J. Lamb
Chief Administrative Officer (Principal Executive Officer) at Nuveen Municipal Credit Income Fund
Executive
About David J. Lamb
David J. Lamb (born 1963) serves as Chief Administrative Officer and Principal Executive Officer of Nuveen Municipal Credit Income Fund (NZF), a role he has held since 2015. He is a Senior Managing Director of Nuveen, Nuveen Fund Advisors, LLC, and Nuveen Securities, LLC, and previously held various positions within Nuveen . As principal executive officer, Lamb signs the fund’s Sarbanes-Oxley Section 302 and 906 certifications (N-CSR/N-CSRS), evidencing direct accountability for disclosure controls and financial reporting; he also signs the fund’s N-PX proxy voting report . Fund-level executive performance metrics such as TSR or EBITDA growth are not disclosed for closed-end fund officers in NZF’s proxy materials (officers are paid by the adviser, not the fund) .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Nuveen (parent); Nuveen Fund Advisors, LLC; Nuveen Securities, LLC | Senior Managing Director | Past 5 years (per proxy) | Principal executive officer for NZF, signing Section 302/906 certifications on the semi-annual N-CSR/N-CSRS, overseeing disclosure controls and financial reporting . |
| Nuveen (various positions) | Various positions (prior) | Not disclosed | Ongoing leadership within Nuveen enterprise supporting fund administration and governance . |
External Roles
No external directorships or committee roles are disclosed for Lamb in NZF’s proxy materials .
Fixed Compensation
| Component | Amount/Terms | Notes |
|---|---|---|
| Fund-paid officer compensation | $0 | “The Funds have no employees. The officers of the Funds serve without any compensation from the Funds.” Compensation for the Funds’ CCO is paid by the adviser (with partial reimbursement of incentive comp); other officers (including Lamb) receive no fund-paid compensation . |
Performance Compensation
- Not disclosed at the fund level. NZF’s filings state officers receive no compensation from the Funds; incentive structures, if any, would be at the adviser (Nuveen/TIAA) and are not included in NZF’s proxy/registration reports .
Equity Ownership & Alignment
| Metric | Value | As of | Source |
|---|---|---|---|
| Initial beneficial ownership (Form 3) | No securities beneficially owned | 02/24/2015 | David J. Lamb Form 3 filed for NZF (then “Nuveen Dividend Advantage Municipal Fund 3”) reported no beneficial ownership . |
| Latest individual beneficial ownership | Not disclosed in proxy; no Form 4 transactions located in NZF filings reviewed | 2015–2025 | We searched NZF officer ownership filings and found Lamb’s 2015 Form 3 but no Form 4s for subsequent transactions in the NZF document set returned by EDGAR search (no Form 4 result) . |
| Group ownership (Board Members and officers as a group) | Less than 1% of outstanding shares | 06/20/2025 | Proxy states Board Members and executive officers as a group owned <1% of each Fund’s outstanding shares . |
| NZF shares owned by Board Members and officers as a group | 28,757 shares | 05/31/2025 | Proxy Appendix shows “All Board Members/Nominees and Officers as a Group” owned 28,757 NZF shares . |
| NZF common shares outstanding | 193,729,050 | 06/20/2025 | Outstanding common shares from proxy share table . |
| Pledging/hedging | Not disclosed | — | No pledging/hedging disclosure specific to officers in NZF proxy . |
| Ownership guidelines | Board Members are expected to invest at least one year of compensation in the funds (governance principle) | 05/31/2025 | Applies to Board Members; no officer ownership guideline is disclosed . |
Note: Section 16(a) compliance. NZF states Board Members and officers complied with applicable Section 16(a) filing requirements in the last fiscal year .
Employment Terms
| Term | Detail | Source |
|---|---|---|
| Position | Chief Administrative Officer (Principal Executive Officer) | |
| Term of office | Indefinite; officers are elected annually by the Board to serve until successors are elected and qualified | |
| Length of service | Since 2015 | |
| Contract/Severance/Change-of-control | Not disclosed in fund filings | |
| Clawback policy | “Recovery of Erroneously Awarded Compensation” – Not applicable to the filing (fund level) |
Performance & Track Record (operational)
| Item | Evidence | Date | Source |
|---|---|---|---|
| SOX Section 302 certification (PEO) | Lamb signed N-CSR/N-CSRS Section 302 certification as Chief Administrative Officer (principal executive officer) | 07/07/2025 | |
| SOX Section 906 certification (PEO) | Lamb signed N-CSR/N-CSRS Section 906 certification | 07/07/2025 | |
| N-PX signature (PEO) | Lamb signed NZF’s Form N-PX (proxy voting report) as Chief Administrative Officer | 08/14/2025 |
Investment Implications
- Compensation alignment and disclosure: NZF officers receive no fund-paid compensation; any base/bonus/equity incentives would reside at Nuveen/TIAA (not disclosed in NZF’s proxy), limiting pay-for-performance analysis at the fund level. This reduces the utility of compensation signals for trading around NZF .
- Insider selling pressure: Lamb’s initial Form 3 reported no beneficial ownership, and we found no Form 4 transactions for him in the NZF filing set reviewed; combined with group ownership of <1% and 28,757 NZF shares held by Board Members and officers as a group, insider selling pressure attributable to Lamb appears minimal .
- Retention and execution: Tenure since 2015 and repeated SOX certifications (302/906) indicate operational continuity and accountability for reporting controls; no employment contracts, severance, or change-of-control terms are disclosed that would signal elevated retention or transition risk .
- Governance/Red flags: The proxy notes Section 16(a) compliance for officers; no disclosures of legal proceedings, hedging/pledging by officers, or compensation-related controversies were identified in the reviewed documents .